The Business Times

Shell Bukom heist: One mastermind admits to siphoning S$128m of gas oil Prosecutors are seeking a jail term of 359 months — a month shy of 30 years — for Juandi Pungot, 45, who admitted that he began embezzling gas oil f…

#BTOpinion: Spooked by rate-hike fears, S-Reit sell-off could offer opportunity to dive in In the latest #HockLockSiew, BT's Jude Chan identifies that the Singapore-listed real estate investment trusts (S-Reits) sell-off…

PODCAST: In this 112th episode of Money Hacks, correspondent Howie Lim speaks to Daryl Ho, senior investment strategist, chief investment office, DBS, about the investment outlook for 2022 and how a robust portfolio can…

Major global companies largely fail net zero climate pledges: report According to findings of the Corporate Climate Responsibility Monitor released on Monday (Feb 7), the major multinational companies (MNCs) assessed in…

Singapore's GIC has never had so much money to manage — or faced more problems managing it The sovereign wealth fund is attempting one of its biggest-ever asset pivots after finding its two main pillars — China and bonds…

SoftBank's sale of Arm to Nvidia collapses: sources The deal has faced several regulatory hurdles, with the US Federal Trade Commission suing to block it in December. The buyout is also under the scrutiny of British and…

Carousell in talks to buy property marketplace 99.co ahead of SPAC deal The acquisition is likely to give a boost to Carousell’s monetisation strategy as it doubles down on high-value transactions and shapes up for the p…

Malaysian advisers agree to reopen borders next month, report says The nation's borders could be open to international travellers as soon as March 1, without requiring arriving visitors to undergo compulsory quarantine.…

Hongkongers picnic to avoid Covid-tracing app Public distrust in the HK government has drawn Hongkongers to take away their food instead of checking in to dine with the city's mandatory app, with fears swirling over how…

Indian tycoon Adani surpasses Ambani as Asia’s richest person The 59-year-old coal magnate's net worth reached US$88.5 billion on Monday (Feb 7), according to the Bloomberg Billionaires Index, eclipsing fellow countryman…

#SGBudget2022 lookahead: Upcoming GST hike seen as key to improving fiscal sustainability We know it's happening, it's just a matter of when. Why hike the GST? Economists and tax partners explain why it's a stabler sourc…

Australian housing poised to woo Singapore property investors again The full reopening of Australia's borders, its buoyant property values and rents, and Singapore's new cooling measures could revive demand for real esta…

#BTOpinion: The Covid policy that really mattered wasn't a policy "What's better than a vaccine mandate? A society that doesn't require one." Ezra Klein writes for the New York Times about how even if the US government g…

MBS to undergo revamp in US$1b reinvestment programme Under the latest reinvestment plan, all rooms and suites in towers 1 and 2 of MBS will be renovated in phases over 2022 and 2023. This comes as part of the IR's exten…

US approves US$100m sale for Taiwan missile upgrades "This proposed sale serves US national, economic, and security interests by supporting the recipient's continuing efforts to modernise its armed forces and to maintain…

ComfortDelGro announces first taxi fare hike in 10 years The operator will from March 1 raise flagdown fares by 20 cents across its entire fleet of taxis, bringing flagdown fares to between S$3.90 and S$4.10 from its cur…

Genting Hong Kong cruise ships with unpaid bills seized Two Crystal Cruises ships operating under a Genting Hong Kong unit have been seized in the Bahamas after a fuel supplier sought their arrest for US$4.6 million in u…

Will Singapore levy a property-related 'wealth tax' at Budget 2022? Some form of wealth tax looks to be on the cards at Singapore's upcoming Budget 2022, and watchers believe it is likely to be related to property. With…

They rushed to buy in pandemic; Here's what they regret Surveys found that a stunning three-quarters of people in the US who bought houses in the past two years regret doing so. They share the hard lessons they learned f…

#BTExplains: The metaverse and its 7 layers Beamable chief executive Jon Radoff, who is also an author and game designer, has broken the metaverse down into 7 different layers: experience, discovery, creator economy, spa…

TPG stays light to drive growth Singapore's fourth telco sees its smaller infrastructure base as key to maintaining competitiveness. Its CEO, Richard Tan, tells BT’s Yong Jun Yuan about their journey thus far.

#MAKINGBANK: The value of profits in volatile markets To compare a company with its peers, investors would usually use its price to earnings ratio to determine how it is performing. However, we know from past experience…